1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horsena [70]
4 years ago
6

The current price on a 46-inch flat panel LCD HD television is $2,300. Big screen HD television prices have dropped at an averag

e rate of 9% per year in recent years. If you expect this trend to continue, how much will this style of television cost in three years?
Business
1 answer:
Alona [7]4 years ago
8 0

Answer:

$1,776.06

Explanation:

The price of LED television after 3 years will be the equivalent of the current value of $2300 discounted at 9 % for 3 years.

The presented value will  FV/(1+r)n

PV =$2300

r=9%

n=3 years

PV=$2300 / (1+9/100)3

=$2300 / (1 + 0.09)3

=$2300/1.2950

=$1,776.06

You might be interested in
In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On J
balu736 [363]

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

4 0
3 years ago
What is the substitution effect of a price change? Consumers will buy more of the good whose relative price has risen and less o
polet [3.4K]

Answer:

Consumers will consume less of the good whose relative price has risen and more of the good whose relative price has fallen.

Explanation:

The substitution effect refers to the change in the consumption of a good, due to the variation in its price, for the consumption of another good that becomes relatively cheaper. Thus, in the substitution effect if prices increase, consumers will consume a smaller amount of a given good, since its price has risen and a larger amount of the good whose relative price has become cheaper.

8 0
3 years ago
The office supports the _____ in a business through engaging sufficient staff to convince the public to purchase the goods and s
borishaifa [10]

Answer:

c, I think

Explanation:

because if it is to convince the public to purchase the goods and services, then it would be the production of the goods and services.

Sorry, I don't know if this is correct or not, but I hope this answered your question. Have a nice day! ^ ^

4 0
3 years ago
A small manufacturer of custom cabinets wants to expand sales but does not wish to get involved directly with selling or any oth
melomori [17]

Answer:

If the manufacturer does not want to be involved in any sales or marketing activities, he will probably have to employ a sales agent to handle those activities.

Explanation:

A sales agent is an individual or a firm that is employed by a manufacturer to handle the sales and/or distribution of goods within an assigned territory.  

4 0
4 years ago
Read 2 more answers
If I swallow 3 tons of white liquid and ratika swallows only 7 kilograms who swallows more?
natta225 [31]

Answer:

3 Tons is more, since 1000 Kilos =  1 Ton.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Junkman Autos uses a separate checking account to pay their employees. The gross pay for the period was $1,000. However, after d
    12·1 answer
  • When employee performance measures are ambiguous and vary from time to time, but the organization's performance is fairly stable
    8·1 answer
  • Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investin
    15·1 answer
  • Taxes are charged on items at the time of purchase?
    7·1 answer
  • Willie sometimes feels uncertain that he has made the right decision when he spends money or agrees to
    7·1 answer
  • If there is an increase in market demand in a perfectly competitive market, then in the short run
    7·1 answer
  • "you require the ability to analyze a customer's clickstream data on a website so they can do behavioral analysis. your customer
    11·1 answer
  • You have just purchased a new car! You made a down payment of $5,000 and financed the balance. According to the purchase agreeme
    6·1 answer
  • In an indirect message, valid reasons for the refusal are presented before the bad news. Which option is most effective
    10·1 answer
  • im is ceo for a company that produces filing cabinets and office furniture. he uses when determining that in order to increase p
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!